Form 26Q: How to Download, Due Dates & Penalties

Most people become anxious when it comes to dealing with anything related to their income tax. Lack of adequate knowledge is one of the biggest challenges stopping people from handling tax-related topics, especially income tax returns. However, one needs to be acquainted with a few rules and terms to become confident enough to deal with their income tax and its related matters.

Here, a key term, the 26Q form, will be explained in detail. The reader though must be acquainted with a few other terms before understanding the details about the form.

The following section looks at such aspects in detail.

What is Form 26Q?

Form 26Q is applicable for TDS under Section 200(3) of the Income Tax Act, 1961 under Sections 193, 194, 194A, 194B, 194BB, 194C, 194D, 194EE, 194F, 194G, 194H, 194I and 194J. It is a statement for tax deducted at source on all payments except salaries. A deductor must submit his TAN (Tax Deduction Account Number) to submit the Form 26Q.

Non-government deductors must quote the PAN, whereas, government deductors must quote “PANNOTREQD” on the form.

Though taxpayers are liable to file the Form 26Q on time and in a steady manner, there are penalties for late filings. The modified rules, effective from April 1, 2017, can make you liable to pay a maximum penalty of Rs. 10,000. Also, filing of Form 26Q has now been extended to 31st August, 2018 from 31st July, 2018. The details of penalties for late filing of Form 26Q is mentioned in the table below :

E-Filing Date

Total Income Below Rs. 5,00,000

Total Income Above Rs. 5,00,000

Upto 31st Aug 2018

Rs. 0

Rs. 0

Between 1st Sept 18 & 31st Dec 18

Rs. 1,000

Rs. 5,000

Between 1st Jan 19 & 31st March 19

Rs. 1,000

Rs. 10,000

How to Download Form 26Q

TDS Return Form has been sub-divided into four categories. A taxpayer can easily download the 26Q by following the below mentioned steps: